Businesses reach for an OTC desk when an order is large enough to move the price against them on an open venue. That is a real problem, and it is a narrower one than most people assume.
Here is what a desk provides, how to tell whether your situation calls for one, and how NGPES handles size.
NGPES states 24/7 fiat to stablecoin exchange with OTC support, so size can be handled off the standard flow.
Swap exchanges one supported stablecoin for another inside the platform. Top-Up and Make a Payment handle the fiat legs.
Quote mechanics, size thresholds and settlement terms are not published. Agree them with the team before you commit to a trade.
Conversion is limited to selected MiCA-compliant stablecoins, whatever route is used.
Worth testing, because desks are often bought for orders that never needed one.
If none of those apply, what you probably need is a conversion function inside your payments account, not a dealer relationship. That is a much simpler thing to buy and a much cheaper one to run.
Stated as narrowly as the product documentation allows, because the gap between this and a desk is the whole point of the page.
| Route | What it does | Boundary |
|---|---|---|
| Top-Up | Fiat at your linked IBAN converts into a supported stablecoin on the way in. | 1:1 before fees where the fiat currency and the stablecoin denomination match. |
| Swap | One supported stablecoin exchanged for another, inside the platform. | Supported MiCA-compliant stablecoins only. |
| Make a Payment | The stablecoin balance converts back to fiat and is sent over traditional rails. | Conversion is instant. Arrival depends on the destination and the banks. |
| Exception conversion | Inbound funds in a non-compliant asset can be converted to a compliant one. | Case by case, handled by the team, not a standing service. |
Those four are the everyday routes. On top of them NGPES states 24/7 fiat to stablecoin exchange with OTC support, which is the route for size. What is not published is the quoting mechanism, the minimum that qualifies as OTC, and the settlement terms, so those are the three things to establish with the team before you trade.
That last point is the one that sends most businesses back to the payments question. A good execution price does not help if the balance then sits somewhere with no compliant route to your bank.
This is what the platform supports today.
| Position today | |
|---|---|
| Stablecoins | Selected MiCA-compliant stablecoins only. Assets outside that set are not held on the platform. |
| Non-compliant assets | Funds arriving in an asset that is not MiCA-compliant can be converted into a MiCA-compliant one, as a case-by-case exception, not a standing service. |
| Fiat | Moves in and out through the linked IBAN via on-ramp and off-ramp. Fiat balances are not held on the platform. |
| Swap | Between supported MiCA-compliant stablecoins only. |
| External accounts | You can register your own external bank accounts and wallet addresses. They are verified before use, and only for flows involving the same organisation. |
| Team management | Announced as coming soon. Not available yet. |
If a particular asset, currency or corridor matters to your business, ask us before you build around it.
The platform runs on a stablecoin settlement layer. Fiat is not held inside it. It moves in and out through a linked IBAN, and converts on the way through.
Most of the operational risk in cross-border payments comes from paying the wrong party, or taking money from a source you cannot account for. NGPES makes both a deliberate step.
Where NGPES is authorised today.
NGPES is based in France and the platform supports selected MiCA-compliant stablecoins only, by design. Services will become available only upon obtaining the relevant CASP and EMI authorisations.
What NGPES states today.
| What NGPES states | |
|---|---|
| Reach | Funds move across 150+ countries via SEPA, SWIFT and local rails. |
| Stablecoin settlement | T+0. |
| Fiat settlement | T+1. |
| Processing | 24/7/365, with no end-of-day batch. Everything is processed in real time. |
| Conversion | Instant conversion between fiat, in USD, EUR and GBP, and stablecoins. |
| Exchange | 24/7 fiat to stablecoin exchange, with OTC support. |
For a per-country arrival time, a fee, or the supported asset and network list, talk to the team.
A dealer that quotes a firm price for a large trade and settles it off a public venue, so the order does not move the market against you. You trade with the desk directly rather than against an order book.
NGPES states 24/7 fiat to stablecoin exchange with OTC support. The quoting mechanism, the size at which OTC applies and the settlement terms are not published, so agree those with the team before trading.
When your order is large enough to move the price on an open venue, when you need a firm quote before committing, or when you trade at size regularly enough for the relationship to matter.
Fiat converts to a supported stablecoin through the on-ramp, one supported stablecoin converts to another through Swap, and the balance converts back to fiat through Make a Payment.
Selected MiCA-compliant stablecoins. Funds arriving in an asset outside that set can be converted as an exception case by case, not as a standing service.
Pricing is volume based rather than a published rate card, and no spread is published for OTC. Ask for a quote against your actual flows.
Whether your size genuinely needs a quote, who your counterparty would be, and where the proceeds have to end up. The last question usually decides it.
We will tell you straight whether the platform covers it or whether you need something else.
NGPES, Next Generation Payment EcoSystem, is a B2B payment infrastructure that enables businesses to send, receive, hold and move money efficiently across borders. Both fiat currencies and regulated stablecoins are integrated, for faster settlements, lower costs, and enhanced transparency. NGPES is based at 35 avenue de Friedland, 75008 Paris, and was ranked 83 in the Finance Innovation Fintech100 2025.
Interested in our solution? Talk to our team, or email sales@ngpes.com.
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